KordaMentha Restructuring works with organisations in financial distress to restructure and to stabilise the business or to recover value on behalf of stakeholders.

KordaMentha is an advisory and investment firm that has a range of services to help clients grow, protect and recover value

Mark Uebergang writes on 'The GFC and the Z-Score' in the Australian Insolvency Journal

In this month's issue of the Australian Insolvency Journal, KordaMentha Executive Director Mark Uebergang, writes of how he bench tested the Altman Z-Score to assess its accuracy during the Global Financial Crisis, a period of unprecedented financial turmoil.

September 20, 2013

Over the years there have been a number of bankruptcy prediction models developed to help creditors evaluate the likelihood that a firm will experience an insolvency event. However, one of the first and perhaps the best known of all remains the model developed by Ed Altman in 1968, commonly known as the Altman Z-Score.